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BANSHANKARI COLONY
RG-KA-39235 · RERA PRM/KA/RERA/1249/369/PR/200423/005886 · Last updated on RERA Karnataka portal: 12 Apr 2023
Source: official RERA Karnataka filing
Red flags
- No red flags in this filing
Clear
- No litigation declared
- No complaints on record
- Completion date never moved
- Separate project account declared
Saved.
BANSHANKARI COLONY is a Plotted Development project by Sudhakar Dattu Otari in Belagavi, Karnataka, registered with RERA Karnataka as PRM/KA/RERA/1249/369/PR/200423/005886 on 20 Apr 2023. Possession is promised by 31 Dec 2026.
At a glance
Project
- NameBANSHANKARI COLONY
- TypePlotted Development
- Location
- Hukkeri
- Belagavi
- 591313
- Pincode591313
- MapView location on Google Maps (as filed on RERA)
- RERA no.PRM/KA/RERA/1249/369/PR/200423/005886
- ReraGenie IDRG-KA-39235
Key dates
Key facts
Registration and timeline
- StatusRegistration approved
- Registered on20 Apr 2023
- Promised completion31 Dec 2026
- Revised completionNone
- BuildingsNot stated in filing
- Documents filed122 files
The full filing
Everything below is from the project's own RERA Karnataka filing, free to read.
Land and ownership1
This page carries no encumbrance declaration for this project. That is silence on the question, and not a record of clear land.
| Landowner | Village | District |
|---|---|---|
| GIRISH RAMANNA MAGDUM | - | - |
Project account and cost
70 percent of buyer money must sit in the project account, so check that your agreement for sale names a designated account for this project and pay into that account only.
| Cost line | Estimated | Incurred |
|---|---|---|
| Estimated Cost of Construction as certified by Engineer | Rs 82.55 lakh | - |
| Interest on borrowings | Rs 5.50 lakh | - |
| Payment of cess | Rs 2.00 lakh | - |
| Administrative cost | Rs 1.00 lakh | - |
| On-site expenditure-Consultants Fees | Rs 70,000 | - |
Certifying professionals and partners2
Certificates from these professionals release the promoter's withdrawals from the 70 percent account.
| Role | Name |
|---|---|
| Engineer | SUNIL OTARI |
| Chartered Accountant | SHIVANAND SHANKAR KAMATE |
Complaints filed with RERA Karnataka
No complaints on record against this registration.
Documents filed122
As listed on the registration, under the names the promoter filed them with; the newest 80 of 122 are shown. The files themselves are available at source: search the registration number PRM/KA/RERA/1249/369/PR/200423/005886 on the RERA Karnataka portal. We publish what the filing says and never host the promoter's documents in place of it.
| Document | Uploaded |
|---|---|
| P & L, BALANCE SHEET 2019-20 WITH CA UDIN AND SCHEDULE OF THE STATEMENTFile: P & L, BALANCE SHEET 2019-20 WITH CA UDIN AND SCHEDULE.pdf | 12 Apr 2023 |
| P & L, BALANCE SHEET 2020-21 WITH CA UDIN AND SCHEDULE OF THE STATEMENTFile: P & L, BALANCE SHEET 2020-21 WITH CA UDIN AND SCHEDULE.pdf | 12 Apr 2023 |
| P & L, BALANCE SHEET 2021-22 WITH CA UDIN AND SCHEDULE OF THE STATEMENTFile: P & L, BALANCE SHEET 2021-22 WITH CA UDIN AND SCHEDULE OF STATMENT.pdf | 12 Apr 2023 |
| ABOUT CA UDINFile: about UDIN onf P & L, Balance Sheet.pdf | 12 Apr 2023 |
| SANCTION LETTER OF LOANFile: Sanction Letter.jpeg | 12 Apr 2023 |
| BANK STATEMENT WHEREIN LOAN AMOUNT IS REFLECTEDFile: bank statement.pdf | 12 Apr 2023 |
| P and L, Balance sheet 2019-20 with CA UDIN along with scheduleFile: P & L, BALANCE SHEET 2019-20 WITH CA UDIN AND SCHEDULE.pdf | 19 Mar 2023 |
| P and L, Balance sheet 2020-21 with CA UDIN alongwith scheduleFile: P & L, BALANCE SHEET 2020-21 WITH CA UDIN AND SCHEDULE.pdf | 19 Mar 2023 |
| P and L, Balance sheet 2021-22 with CA UDIN alongwith scheduleFile: P & L, BALANCE SHEET 2021-22 WITH CA UDIN AND SCHEDULE OF STATMENT.pdf | 19 Mar 2023 |
| bank account statement, loan amount reflected in statementFile: bank statement.pdf | 19 Mar 2023 |
| about fee receipt paid towards Water supply NOC and Power supply NOC.File: About Fees receipt for water and electricty NOC.pdf | 19 Mar 2023 |
| Proprietorship registration certificateFile: GST certificate.jpeg | 28 Feb 2023 |
| P & L 2019-20 with CA UDINFile: P & L 2019-20 WITH CA UDIN.jpeg | 28 Feb 2023 |
| P & L 2020-21 with CA UDINFile: P & L 2020-21 WITH CA UDIN.jpeg | 28 Feb 2023 |
| P & L 2021-22 with CA UDINFile: P & L 2021-22 WITH CA UDIN.jpeg | 28 Feb 2023 |
| BALANCE SHEET 2019-20 WITH CA UDINFile: BALANCE SHEET 2019-20 WITH CA UDIN.jpeg | 28 Feb 2023 |
| BALANCE SHEET 2020-21 WITH CA UDINFile: BALANCE SHEET 2020-21 WITH CA UDIN.jpeg | 28 Feb 2023 |
| BALANCE SHEET 2021-22 WITH CA UDINFile: balance sheet 2021_22 with UDIN.pdf | 28 Feb 2023 |
| SCHEDULE OF STATEMENT OF INCOME 2019-20File: schedule 19_20.pdf | 28 Feb 2023 |
| SCHEDULE OF STATEMENT OF INCOME 2020-21File: schedule 20_21.pdf | 28 Feb 2023 |
| SCHEDULE OF STATEMENT OF INCOME 2021-22File: Scheduel of Statment 2021-22.pdf | 28 Feb 2023 |
| P & L, BALANCE SHEET 2019-20 WITH CA UDIN AND SCHEDULE OF STATMENTFile: P & L, BALANCE SHEET 2019-20 WITH CA UDIN AND SCHEDULE.pdf | 28 Feb 2023 |
| P & L, BALANCE SHEET 2020-21 WITH CA UDIN AND SCHEDULE OF STATMENTFile: P & L, BALANCE SHEET 2020-21 WITH CA UDIN AND SCHEDULE.pdf | 28 Feb 2023 |
| P & L, BALANCE SHEET 2021-22 WITH CA UDIN AND SCHEDULE OF STATMENTFile: P & L, BALANCE SHEET 2021-22 WITH CA UDIN AND SCHEDULE OF STATMENT.pdf | 28 Feb 2023 |
| LOAN ACCOUNT STATMENTFile: Loan statement.pdf | 28 Feb 2023 |
| ABOUT BANK STATEMENTFile: Bank statement (1).pdf | 28 Feb 2023 |
| about Individual plot Size, Dimension and Area with the layout planFile: ABOUT PLOT DIMENSION, AREA.pdf | 28 Feb 2023 |
| brief estimated cost of development of civil works certified by the Engineer(Summary of civil work)File: Breif estimation of work.pdf | 28 Feb 2023 |
| fee receipt paid towards Water supply NOC and Power supply NOCFile: about Payment receipt for HESCOM and water.pdf | 28 Feb 2023 |
| about annual audit 2021-22File: about annual audit 2021-22.pdf | 28 Feb 2023 |
| clarification about Point 1 to 4 of the noticeFile: clarification about 1 to 4.pdf | 28 Feb 2023 |
| Proprietorship registration certificateFile: Prop certificate.pdf | 5 Feb 2023 |
| Balance sheet 2019-20File: Balance sheet 2019-20.pdf | 5 Feb 2023 |
| Balance sheet 2020-21File: balance sheet 20_21.pdf | 5 Feb 2023 |
| Balance sheet 2021-22File: balance sheet 2021_22 with UDIN.pdf | 5 Feb 2023 |
| P and L 2019-20File: P & L 2019-20.pdf | 5 Feb 2023 |
| P and L 2020-21File: PNL-20-21.pdf | 5 Feb 2023 |
| P and L 2021-22File: P & L 2021-22.pdf | 5 Feb 2023 |
| Bank statement of Loan accountFile: Loan statement.pdf | 5 Feb 2023 |
| Relinquishment deedFile: Relinquishment Deed.pdf | 5 Feb 2023 |
| about work orderFile: about work order (1).pdf | 5 Feb 2023 |
| Village Map (PT sheet) of project landFile: Village Map.pdf | 5 Feb 2023 |
| about Architect of projectFile: Arch Certificate.pdf | 5 Feb 2023 |
| Sec 3 affidavit with project nameFile: sec 3 Affidavit otari.pdf | 5 Feb 2023 |
| brief estimation of the project certified by Eng (summery of civil work)File: Brief Estimation.pdf | 5 Feb 2023 |
| format of agreement as notifiedFile: Format of Agreement of sale (1).pdf | 5 Feb 2023 |
| Water NOCFile: water noc gavanal.pdf | 5 Feb 2023 |
| Electricity NOCFile: electricity noc (gavanal).pdf | 5 Feb 2023 |
| Schedule of statement 2019-20File: schedule 19_20.pdf | 5 Feb 2023 |
| schedule of statement 2020-21File: schedule 20_21.pdf | 5 Feb 2023 |
| schedule of statement 2021-22File: schedule 21_22.pdf | 5 Feb 2023 |
| RTC, survey 82/RS/1 | - |
| Mutation, survey 82/RS/1 | - |
| Encumbrance Certificate, survey 82/RS/1 | - |
| Conversion/Alienation Order, survey 82/RS/1 | - |
| Sale/Title/Gift Deed, survey 82/RS/1 | - |
| JDA, survey 82/RS/1 | - |
| Khatha, survey 82/RS/1 | - |
| Registration CertificateFile: GST certificate.jpeg | - |
| Certificate issued by CA Form 1File: Form 1 by CA.pdf | - |
| Certificate issued by Engineer Form 3File: Form 3- Eng.pdf | - |
| Project Chartered Accountant | - |
| Project Engineer | - |
| AffidavitFile: no litigation affidavit otari.pdf | - |
| Certificate from Chartered AccountFile: Form 1 by CA.pdf | - |
| Certificate issued by Architect | - |
| Balance Sheet 2021 - 2022File: Balance sheet 2021-22.pdf | - |
| Balance Sheet 2020 - 2021File: Balance Sheet 2020-21.pdf | - |
| Balance Sheet 2019 - 2020File: Balance sheet 2019-20.pdf | - |
| Audited Profit and Loss Statement 2021 - 2022File: P & L 2021-22.pdf | - |
| Audited Profit and Loss Statement 2020 - 2021File: P & L 2020-21.pdf | - |
| Audited Profit and Loss Statement 2019 - 2020File: P & L 2019-20.pdf | - |
| Income Tax Return Acknowledgement 2021 - 2022File: IT ack 2022-23.pdf | - |
| Income Tax Return Acknowledgement 2020 - 2021File: IT ack 2021-22.pdf | - |
| Income Tax Return Acknowledgement 2019 - 2020File: IT ack 2020-21.pdf | - |
| Layout Order | - |
| Electricity NOC | - |
| Electricity NOC | - |
| layout plan | - |
| KJP | - |
Promoter's earlier projects1
As disclosed by the promoter in this filing. Where a row names its RERA number, the project links to its own page and the location and registration date are read from that registration.
| Project | Location | Status | Promised | Delivered |
|---|---|---|---|---|
| SHIV TEK | R S NO. 107/30, ANKALE VILLAGE, TQ. HUKKERI | Completed | - | No date filed |
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Builder: Sudhakar Dattu Otari
Sudhakar Dattu Otari has 2 registrations on RERA Karnataka, including KARIGAR COLONY and BANSHANKARI COLONY. Its filings declare 1 earlier project, 1 of them declared completed. Read the full track record. See more projects on the Belagavi district page.
Frequently asked questions
What are my rights if BANSHANKARI COLONY is delayed beyond 31 Dec 2026?
Under section 18 of the RERA Act you may stay in the project and claim interest for every month of delay, at the rate the state's RERA rules prescribe, or exit and claim a full refund with interest. Claims are filed as complaints with RERA Karnataka.
How do I verify and contact the developer of BANSHANKARI COLONY?
The registered promoter entity is Sudhakar Dattu Otari, a proprietorship firm as per the filing. Its GSTIN 29AALPO7912L2ZZ can be cross-checked on the MCA and GST portals. Your agreement for sale must name this exact entity, not a group brand name. The promoter's registered address and contact details are on the project's RERA Karnataka listing and in its filed documents.
Is my payment protected in BANSHANKARI COLONY?
Partly, by law. 70 percent of every buyer payment must go into the project's designated bank account, withdrawable only against architect, engineer and CA certificates as construction progresses. Separately, a promoter cannot take more than 10 percent of the price before signing a registered agreement for sale (section 13). Neither rule guarantees completion; they limit how far your money can travel from the project.
Who certifies construction progress at BANSHANKARI COLONY?
The professionals named in the filing: Engineer: SUNIL OTARI; Chartered Accountant: SHIVANAND SHANKAR KAMATE. Their certificates are what unlock the promoter's withdrawals from the 70 percent account, so their names on record are part of the project's accountability chain.
What should I check before booking in BANSHANKARI COLONY?
Four things this page cannot decide for you: that the carpet area in your agreement matches the filed carpet area; that the agreement follows the model agreement under the state's RERA rules, with deviations highlighted; the promoter's record on their other projects, not just this one; whether construction progress keeps pace with sales in the coming quarters.
Spotted something wrong on this page, or want to tell us what would make it more useful? Every page here is built from what the promoter filed on RERA Karnataka, and we read every report.
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